Sovereign Metals' sustainable farming program in Malawi set to triple crop yields
Proactive Investors
Published Apr 15, 2024 11:32
Updated Apr 15, 2024 12:00
Sovereign Metals' sustainable farming program in Malawi set to triple crop yields
The Conservation Farming Program of Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) in Malawi is on track to triple crop yields as the company actively executes its environmental, social and governance (ESG) strategy whilst developing the Kasiya Rutile-Graphite Project.
This sustainable farming initiative program is aimed at improving the livelihoods of local communities through the creation of successful smallholder farmers. It ultimately aims to provide a platform where smallholder farmers can produce sufficient surplus crops to generate sustainable household income.
The company says that farmers have enthusiastically adopted the program with 90 participants within the project area being trained in low input-cost, high-yield sustainable farming techniques. A further 300 farmers will be added during the 2024 planting season.
Visibly higher crop growth
The program has already yielded visibly higher crop growth. Preliminary yield estimates have been undertaken through a cob-count and sizing exercise of all 90 farmers.
Yields are conservatively estimated at 3.2 tonnes per hectare, tripling average conventional crop yields. This is despite Malawi’s crop yields expected to be 22.5% lower than average this year due to the El Niño weather phenomenon.
The farmers participating in the program expect to begin harvesting in May 2024 and are looking forward to a bumper harvest, despite the much drier than usual year caused by El Niño, causing widespread drought across southern Africa.
Increases in maize (corn) production will be quantified in the coming months during the harvest season.
Improvements “beyond expectations”
Sovereign Metals managing director Frank Eagar said: “The incredible improvements in expected maize yields is beyond expectations and is another example of the positive impacts the Kasiya Project will have on our local communities.
“The 90 farmers in the program comprise 50% women and 10% vulnerable people. We will maintain this equal opportunity policy as the program is rolled out across Kasiya.
“At a time when Malawi and other southern African countries are facing severe drought due to weather conditions, Sovereign takes its social responsibility very seriously and is already delivering tangible benefits for the local community.”
A proven program
The program is being implemented by Sovereign’s experienced team on the ground, which previously ran a very successful program for First Quantum Minerals Ltd’s Zambian operations, where its conservation farming program has been effectively operating since 2010.
Between 2020 and 2022 harvest crops in Zambia increased by 67% from 6,000 tonnes to 10,000 tonnes of maize, with more than 7,000 farmers in the program at the end of 2022.
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Conservation farming as a system aims to protect soil from erosion and degradation and increase crop yields. It involves three main principles:
This is a highly important program for Malawi with maize making up two-thirds of national calorie intake, with nine out of 10 farming households producing maize, devoting more than 70% of their land to growing it.
Sovereign has already identified the next season's farmers, with the program being scaled up from 90 to 300 farmers in the 2024/2025 agricultural season.
This quantity of farmers will prove that the program successfully increases agricultural production in a sustainable manner, during Sovereign’s upcoming definitive feasibility study (DFS).
Sovereign plans to roll out Conservation Farming as its cornerstone livelihood restoration and improvement project for the Kasiya Project in the medium to long term.
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Written By: Proactive Investors
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